RE:Kudos to StockhouseStratCap wrote: For calling in Pest Control.
Lets get back to civility.
Are you off the job, StrayCat. As for civility, I realize that I am in the dog house because I told you all in June that the debenture financing really sucked. A lot of the people here are drinking the Koolaide supplied by several members, and there isn't a chance of convincing them. But serveral here may consider the facts. Think about this.
Before the financing, there were about 400MM shares trading for about .055 -.06 for a market cap of $22 million. Between June 24th and June 30th 2400 of the 4000 debentures were converted to 48,000,000 more shares which were immediately dumped on the market which has dropped the SP to .03.
The company made (on this portion of the financing) $2.4MM - $864,000 in interest to the folks who bought and dumped in 6 days for a real gain of $1,536,000. The underwriters also get several million warrants.
That $1,536,000 gain for expansion cost existing shareholders (400MM shares with a drop of .025/share) $10 million dollars in share value.
My comments won't move the share price one bit, and I repeat - I do not want back in!.
Hang in and hope people, but those are facts. It was a very costly financing.